Stock Market: When a company gets a big order in the stock market, investors become more aware of the stock. Government company Rail Vikas Nigam Limited (Rail Vikas Limited) has got a big order. The company got the contract worth Rs 111.85 crore on the lowest bid. Let me tell you, the price of one share of Rail Vikas Nigam is less than Rs.65.
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On March 16, 2023, Rail Vikas Nigam Limited informed the stock market that the company had placed the lowest bid for L-1 bidder supply, installation, testing and commissioning of 11 kW. In which he got success. The cost of this project is Rs 111.85 crore.
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On Friday, the company’s shares closed at Rs 62.91, up 1.58 per cent. Anyone who would have held bets on Rail Vikas Nigam Limited 6 months back would have got more than 83 percent returns by now. However, this PSU stock became a victim of profit booking during the last 1 month. The company’s shares have seen a decline of 5.28 percent during this period. Let us inform, Rail Vikas Nigam’s 52 week high is Rs 84.10 per share and 52 week low is Rs 29.05 per share.
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